Common use of Development Costs Clause in Contracts

Development Costs. Development Costs are all direct and allocated indirect expenditures incurred with respect to the development of discoveries within the Contract Area including expenditures incurred on account of: 2.3.1 Geological and Geophysical information acquired in connection with Development Operations. 2.3.2 Drilling Development Xxxxx, whether these Xxxxx are dry or producing and drilling Xxxxx for the injection of water or Gas to enhance recovery of Petroleum. 2.3.3 Completing of Exploration Xxxxx by way of installation of casing or equipment or otherwise or for the purpose of bringing a Well into use as a producing Well or as a Well for the injection of water or Gas to enhance recovery of Petroleum. 2.3.4 Purchase, installation or construction of production, transport and storage facilities for production of Petroleum, such as pipelines, flow lines, production and treatment units, wellhead equipment, subsurface equipment, enhanced recovery systems, offshore and onshore platforms, export terminals and piers, harbours and related facilities and access roads for production activities. 2.3.5 Engineering and design studies for facilities referred to in Section 2.3.3. 2.3.6 Any Service Costs and General and Administrative Costs directly incurred in Development Operations and identifiable as such and a portion of the remaining Service Costs and General and Administrative Costs allocated to development activities, determined by the proportionate share of total Contract Costs (excluding General and Administrative Costs and Service Costs) represented by all other Development Costs.

Development Costs. Development Costs are all direct and allocated indirect expenditures incurred with respect to the development of discoveries within the Contract Area including expenditures incurred on account of: 2.3.1 Geological and Geophysical information acquired in connection with Development Operations. 2.3.2 Drilling Development XxxxxWxxxx, whether these Xxxxx Wxxxx are dry or producing and drilling Xxxxx Wxxxx for the injection of water or Gas to enhance recovery of Petroleum. 2.3.3 Completing of Exploration Xxxxx Wxxxx by way of installation of casing or equipment or otherwise or for the purpose of bringing a Well into use as a producing Well or as a Well for the injection of water or Gas to enhance recovery of Petroleum. 2.3.4 Purchase, installation or construction of production, transport and storage facilities for production of Petroleum, such as pipelines, flow lines, production and treatment units, wellhead equipment, subsurface equipment, enhanced recovery systems, offshore and onshore platforms, export terminals and piers, harbours and related facilities and access roads for production activities. 2.3.5 Engineering and design studies for facilities referred to in Section 2.3.3. 2.3.6 Any Service Costs and General and Administrative Costs directly incurred in Development Operations and identifiable as such and a portion of the remaining Service Costs and General and Administrative Costs allocated to development activities, determined by the proportionate share of total Contract Costs (excluding General and Administrative Costs and Service Costs) represented by all other Development Costs.